Manuka Resources Ltd · ASX:MKR
Manuka Resources — Investor Presentation (April 2024)
22 slides from Manuka Resources's investor presentation, Apr 15, 2024
Slide 1: Near-Term Gold and Silver Production from Cobar Basin Projects
Near-Term Gold and Silver Production from Cobar Basin Projects Corporate Presentation 15 April 2024
Slide 2: Disclaimer
Disclaimer This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading this disclaimer you the Company that a prospective investor or purchaser may require in evaluating a possible investment in the Company or agree to be bound by it. The Presentat
Slide 3: About Manuka: Phased Strategy to deliver Self-Sustaining Value Creation
About Manuka: Phased Strategy to deliver Self-Sustaining ✓ ASX listed mine operator, Value Creation 3 developer and explorer 2 ✓ Near-term production from Gold and Silver assets located in the prolific Cobar Basin, NSW 1 Taranaki VTM Project Wonawinta Silver Mine ▪ Large company-making iron ✓ Large
Slide 4: Corporate Summary
Corporate Summary Share Price History Capital Structure 0.12 12 Share Price (A$/share) Volume (Million Shares) 0.10 10 Shares Outstanding 672M 0.08 8 Share Price A$0.09 0.06 6 Market Capitalisation A$60.5M 0.04 4 Ownership Breakdown: 0.02 2 0.00 0 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov
Slide 5: Board of Directors
Board of Directors Dennis Karp Alan Eggers Anthony McPaul John Seton Toni Gilholme Executive Chairman Executive Director Non-Executive Director Non-Executive Director Company Secretary Dennis was Head of Trading at HSBC Alan is a geologist with over 40 years of Anthony (Tony) is a senior mining John
Slide 6: Project Execution and Operations Team
Project Execution and Operations Team Haydn Lynch Rod Griffith Dieter Engelhardt Phil Bentley Chief Operating Officer Project Manager Processing Manager Chief Geologist Over 25 years of experience in M&A, Rod has over 30 years of experience in the mining Dieter has over 30 years of experience in the
Slide 7: The Mt Boppy Gold Mine
The Mt Boppy Gold Mine Historically one of NSW’s richest gold mines, having produced ~500,000 oz Gold at ~15 g/t ▪ Set within the Canbelego – Mineral Hill Rift Zone of the prolific Cobar Super Basin, 43 km east of the Cobar and 640 km west of Sydney. ▪ Acquired by Manuka Resources in 2019 ▪ Between
Slide 8: Mt Boppy Highlights
Mt Boppy Highlights A Low Capex, Near-term Return of Precious Metals Production at a Proven Brownfields Site Low Upfront Capital Cost of A$11.6M (including contingency) to first gold doré production ▪ Low Upfront Capital Cost of A$11.6M (including contingency) to return to production ▪ Initial 5-Yea
Slide 9: Mt. Boppy Mineral Resource Estimate
Mt. Boppy Mineral Resource Estimate1 Recent Sonic Drilling over Rock Dumps and Tailings has Improved Confidence in Grade Distribution Location Classification Tonnes (kt) Au (g/t) Au (koz) Measured 107 5.25 18.0 Boppy South Mt Boppy Indicated 158 4.86 24.7 TSF 3 Open Pit M&I 265 5.01 42.7 Evaporation
Slide 10: Unlocking Near-term Potential at Mt Boppy
Unlocking Near-term Potential at Mt Boppy Targeting Resource and Mine Expansion from the Existing Open Pit and Mining Leases Mt Boppy Pit Boppy South TSF3 Existing Pit Open 120 mRL – Depth of current pit shell design Resource • Between April 2020 and February 2022, Manuka mined 560kt from the Open P
Slide 11: Capturing Regional Exploration Upside Potential
Capturing Regional Exploration Upside Potential Dominant Footprint Straddling the Northern Portion of the Canbelego–Mineral Hill Rift Zone On-site Processing at Mt Boppy increases the prospectivity and feasibility of mining surrounding deposits Mt Boppy Central Structural Pipeline Ridge Zone • Targe
Slide 12: Mt. Boppy - Process Flowsheet
Mt. Boppy - Process Flowsheet Assembly of a Fit-for-purpose Modular Gold Processing Facility Rock Dumps / Open Pit Procurement Strategy TSF Feed ▪ Crushing and screening equipment already on Two Stage Crusher & Screen site at Mt Boppy ▪ Ball mill and Gekko modular elution circuit to be Screen & Laun
Slide 13: Process Plant
Process Plant Example 35tph Modular Gold Process Plant www.aptprocessing.com 13
Slide 14: Mt. Boppy - Site Layout and Infrastructure
Mt. Boppy - Site Layout and Infrastructure Brownfields Site with a Wealth of Existing Infrastructure ▪ The new Mt Boppy processing plant will be located on the pad at the site of the previously decommissioned Mt Boppy CIL plant ▪ Site power requirements will be provided by portable diesel New Plant
Slide 15: Mt. Boppy - Gold Mining and Production Schedule
Mt. Boppy - Gold Mining and Production Schedule Initial 5-Year Mine Plan to Produce ~48,000 oz Gold Doré1 Production Target ▪ Reclamation of Tailings will provide a 400,000 4.0 baseload feed source throughout the 5- Mined ore tonnes year Mine Plan Grade (g/t) 300,000 3.0 200,000 2.0 ▪ Rock Dumps wil
Slide 16: Mt. Boppy Cash Flows
Mt. Boppy Cash Flows Low Capex Return to Gold Production, delivering an Average EBITDA of A$19M per annum Year Unit Total 1 2 3 4 5 6 Capital Cost Estimates A$M New Inline Pressure Jigs / Centrifuge 1.37 Gold Dore Produced koz 47.7 - 9.1 8.2 8.6 10.9 10.9 New Flotation / Concentrate Circuit 3.30 Gol
Slide 17: Mt Boppy Project Execution
Mt Boppy Project Execution Clear pathway to Production in CYQ4 2024 ▪ Most plant equipment will be provided Indicative Timeline Q2 CY24 Q3 CY24 Q4 CY24 via a single vendor with some components provided by second Sonic Drilling and MRE Update vendor and others repurposed from the Wonawinta plant Relo
Slide 18: Wonawinta Silver Mine (100% Manuka)
Wonawinta Silver Mine (100% Manuka) Previously Australia’s Largest Primary Silver Mine ▪ Wonawinta produced approximately 3 Moz Ag from 2012 to2013, and 500 koz Ag in 2022 ▪ Total Resources1 of 38.3Mt at 41.3 g/t Ag for 51 million ounces. Within this there is a higher-grade component of 4.5Mt at 97
Slide 19: Wonawinta Resource Extensions
Wonawinta Resource Extensions High Potential for Economic Base Metals Mineralisation Down Dip of the Current Wonawinta Open Pit ▪ ‘Proof-of-Concept’ drill program has successfully tested for presence of carbonate- hosted sulphides down-dip from existing Wonawinta open pits, encountering lead-zinc- s
Slide 20: Taranaki VTM Project (100% Manuka)
Taranaki VTM Project (100% Manuka) ▪ The Taranaki VTM Project is located 22 km to 36 km offshore in New Zealand’s EEZ, or Exclusive Economic Zone, outside the 12 nautical limit from the shoreline, in waters between 20 m to 50 m in depth Large Vanadium-rich Iron Sands Resource located in the Taranaki
Slide 21: Thank you
Thank you ✓ Near-term production from Gold and Silver assets located in the prolific Cobar Basin, NSW ✓ Large Vanadium-rich Iron Sands Resource located offshore of the Taranaki Bight, New Zealand ✓ Phased Strategy to deliver Self- Sustaining Value Creation Dennis Karp Executive Chairman ✓ The Compan
Slide 22: Appendix 1: Material Assumptions
Appendix 1: Material Assumptions Item Comment Gold Price Approximate Spot Price as at 12 April 2024 Exchange Rate Approximate Spot Price as at 12 April 2024 A$3,000/week for the transport of Dore to Sydney and a Refining Selling Costs Charge of A$0.25/oz (Au + Ag). Contract Dig-Load-Haul Crush and S
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